Ukraine's dollar bonds surge after Democrats' US midterm victory — Bloomberg
Ukraine's dollar-denominated bonds rose sharply amid expectations that the Democrats' victory in the U.S. midterm elections could help improve relations between Kyiv and Washington. Bloomberg reported the development on Nov. 4. Ukrainian bonds were among the top-performing emerging-market assets the previous day.
Ukraine's dollar-denominated bonds surged following Democrats' victory in the U.S. midterm elections, according to Bloomberg. This uptick in bonds, which carry a 4.5% coupon and mature in 2034, is attributed to anticipated improvements in relations between Kyiv and Washington. The price of these bonds reached a monthly high, with a rise of over one cent per dollar of face value to over 63 cents.
The strained relations between Ukraine, President Volodymyr Zelenskyy, and Donald Trump have recently been exacerbated by Trump's accusations of Kyiv's involvement in attacks on Russian oil refineries. Democrats' control of both chambers of Congress could be beneficial for Ukraine, as it relies heavily on U.S. intelligence and weapons supplies.
The market expects the new Congress to prevent disruptions to intelligence sharing or restrictions on access to the Starshield system. The midterm elections took place on Nov. 3, 2026, and the Democratic Party secured a decisive victory, securing majorities in both the Senate and the House of Representatives. The newly elected Congress is set to begin its term on Jan. 3, 2027.
Written by urgent.news from New Voice of Ukraine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
